Links 19 February 2013

Here’s a list of things Reynard read over night.

Global Macro/Markets:

  • Japanese investors, the AUD and everyone else – FT Alphaville
  • Why central banks should take charge of their digital currencies – FT Alphaville
  • Why aren’t more countries run by economists? – Washington Post

North America:

  • In America, bigger is better, especially when you’re a bank, and also defaulting – FT Alphaville
  • US likely to face $1.2 trillion of cuts in March, Republican strategist says –
  • Updating Reaganomics – New York Times
  • Is the Housing Rebound for Real? – A Dash of Insight
  • America’s Debt Challenge – CNNMoney



  • How much did China *really* grow last year – FT Alphaville
  • Chinese developers look to US for land to build – Financial Times
  • Here is why Chinese official economic figures can’t be trusted –
  • In case you are wondering about Chinese growth… – Marginal Revolution
  • How China’s lonely bachelors are helping its economy grow – Fortune


  • One-third of Aussie households have no savings – The Australian
  • Are property investors causing property markets to stagnate? – Property Observer
  • The distribution of unemployment rates across 65 regions of Australia – Matt Cowgill
  • Poll dents faith in Gillard – The Age
  • Greens push for Senate inquiry into mining tax – The Age
  • Barnett defiant on WA’s growing debt – The AFR


  • Matt Taibbi on HSBC and why it was ‘Too Big To Jail’ – Rolling Stone
  • Are your views on sticky nominal wages and the minimum wage consistent? – Marginal Revolution


  1. No wonder we have collective madness

    Read more:

    Perhaps the most interesting part of the dinners, though, is that they go way back – all the way to the 1970s, when Bernanke, Draghi, King, and Bank of Israel Governor Stanley Fischer were all at MIT.

    At the time, Bernanke and Draghi were completing their PhDs in MIT’s economics department, and Stanley Fischer, a professor, was an adviser on both of their doctoral theses. In the early 1980s, Mervyn King shared an office with Bernanke while a visiting professor at MIT.

    Bloomberg Businessweek put together a great infographic detailing all of the MIT connections.

    Hilsenrath writes, “While at MIT, the central bankers dreamed up mathematical models and discussed their ideas in seminar rooms and at cheap food joints in a rundown Boston-area neighborhood on the Charles River.”

    Those days are long gone, but the meetings still persist over 30 years later, now more secretive than ever.

  2. Do you have a filter on any posts here concerning climate, Becker? We are know you’re a denier from your twitter feed.

  3. Trying again (this time without the link):

    UK Climate Change Secretary Slams Deniers As ‘Dogmatic And Blinkered’

    Feb 18, 2013

    At a UK Royal Society symposium last week, Ed Davey, Secretary of State for Energy & Climate Change, was as blunt on the reality of climate science as he was critical of those who deny it.

    Some excerpts:

    * Two hundred years of good science – teasing out uncertainties, considering risk – has laid the foundation of what we now understand.

    * It screams out from decade upon decade of research.

    * The basic physics of climate change is irrefutable.

    * Greenhouse gases warm the atmosphere and cause changes to the climate.

    * Human activity is significantly contributing to the warming of our planet.

    • Well hopefully it’s clear now to all but the thickest ALP representatives that the election is lost if they stick with Gillard.

      If they don’t dump her, then they have only themselves to blame for what happens.

      I’m certainly not an Abbott lover (and if forced would probably…barely…choose Gillard over him) but the ALP is getting exactly what they deserve.